A company tracked allall credit card purchases during the year 2005 and measured

Question

A company tracked allall credit card purchases during the year 2005 and measured two? variables: (1) the cardholder's gender left parenthesis male or female right parenthesiscardholder's gender (male or female)?, and left parenthesis 2 right parenthesis the amount left parenthesis in dollars right parenthesis(2) the amount (in dollars)of each monthly paymentof each monthly payment. a. Identify the type? (quantitative or? qualitative) of each variable measured. b. Does the data set collected represent a population or a? sample?

Explanation / Answer

a:::::::Since gender can be classified but it cannot be measured, so first card holder's gender is a qualitative variable, while next the amount of each monthly payment can be measured in dollars therefore it is quantitative variable.

b:::::::::since all of the credit card purchases are tracked during 2005, therefore data is collected represent a population.

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